AdaniConneX, a venture of the Adani Group, is finalizing negotiations for a six-year offshore loan worth $900-950 million. The consortium of lenders, including MUFG Bank, Sumitomo Mitsui Banking Corp (SMBC), and Standard Chartered Bank, is offering the loan with an interest rate set at 250-260 basis points above the Secured Overnight Financing Rate (SOFR). The loan agreement is expected to be signed this week, marking a significant step for AdaniConneX in securing funding for its operations.
AdaniConneX Nears $900-950 Million Offshore Loan Deal
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